Halliburton (HAL) Shares Bought by General American Investors Co. Inc.

General American Investors Co. Inc. lifted its position in Halliburton (NYSE:HAL) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 485,000 shares of the oilfield services company’s stock after purchasing an additional 40,000 shares during the quarter. Halliburton comprises 1.7% of General American Investors Co. Inc.’s holdings, making the stock its 22nd largest position. General American Investors Co. Inc. owned approximately 0.06% of Halliburton worth $19,657,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HAL. Xact Kapitalforvaltning AB raised its position in Halliburton by 1.2% during the second quarter. Xact Kapitalforvaltning AB now owns 93,786 shares of the oilfield services company’s stock valued at $4,226,000 after acquiring an additional 1,105 shares in the last quarter. Trust Co. of Vermont grew its holdings in Halliburton by 58.5% in the second quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock valued at $137,000 after purchasing an additional 1,116 shares during the period. GWM Advisors LLC grew its holdings in Halliburton by 8.1% in the second quarter. GWM Advisors LLC now owns 15,307 shares of the oilfield services company’s stock valued at $681,000 after purchasing an additional 1,150 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Halliburton by 2.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,265 shares of the oilfield services company’s stock valued at $2,805,000 after purchasing an additional 1,191 shares during the period. Finally, Pillar Pacific Capital Management LLC grew its holdings in Halliburton by 1.1% in the second quarter. Pillar Pacific Capital Management LLC now owns 116,530 shares of the oilfield services company’s stock valued at $5,250,000 after purchasing an additional 1,230 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Several analysts have commented on HAL shares. Morgan Stanley reissued a “buy” rating on shares of Halliburton in a report on Tuesday. Royal Bank of Canada set a $56.00 price objective on Halliburton and gave the company a “buy” rating in a report on Monday. B. Riley set a $51.00 price objective on Halliburton and gave the company a “buy” rating in a report on Thursday, July 26th. Raymond James dropped their price objective on Halliburton from $59.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Tuesday, September 11th. Finally, Societe Generale set a $42.00 price objective on Halliburton and gave the company a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $51.60.



Shares of NYSE:HAL traded up $0.40 during trading on Friday, reaching $35.14. The stock had a trading volume of 12,585,399 shares, compared to its average volume of 9,069,285. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.72. The firm has a market capitalization of $32.03 billion, a PE ratio of 28.80, a P/E/G ratio of 0.89 and a beta of 1.01. Halliburton has a 1-year low of $33.73 and a 1-year high of $57.86.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.10 billion. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. As a group, analysts expect that Halliburton will post 1.96 earnings per share for the current year.

In other news, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total value of $648,034.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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